Let's Just Say, We Really Hope This Jobless Claims Chart Is Being Distorted By Hurricane Sandyhttp://www.businessinsider.com/initial-claims-year-over-year-jump-2012-11/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Sun, 02 Aug 2015 17:33:20 -0400Joe Weisenthalhttp://www.businessinsider.com/c/50aede446bb3f7fc75000015darserickThu, 22 Nov 2012 21:24:04 -0500http://www.businessinsider.com/c/50aede446bb3f7fc75000015
if you have been paying attention . Once Obama was elected, a lot of co.'s laid off people ..from Caterpillar to NBC.http://www.businessinsider.com/c/50ae3f2e69beddd736000011Well you should look at the UK dataThu, 22 Nov 2012 10:05:18 -0500http://www.businessinsider.com/c/50ae3f2e69beddd736000011
...because you would know the UK chose austerity - and we now have ZERO growth - whereas America has some of the best GDP figures in the world - because it didn't choose such a mindless path.
You cannot argue with these test cases.http://www.businessinsider.com/c/50ae3e796bb3f7ec5000000eLogical briefThu, 22 Nov 2012 10:02:17 -0500http://www.businessinsider.com/c/50ae3e796bb3f7ec5000000e
So are you saying it's morally right for small businesses to sack people rather than fork out for healthcare?
Does the business not benefit from fit and healthy workers? - or is this another facet of business which they manage to achieve 'all by themselves'?
It's wrong anyway - jobs aren't going because of Obama care - it's the 1% throwing their toys out of the pram again because the people didn't vote for 'their' candidate.http://www.businessinsider.com/c/50ad9fe5eab8ea2b4e000035C.J.Wed, 21 Nov 2012 22:45:41 -0500http://www.businessinsider.com/c/50ad9fe5eab8ea2b4e000035
America has become addicted to crises.
We no longer have budgets. We have last-minute spending bills.
The NY-DC Axis doesn't need America anymore to emist. They reality is one of charts, graphs and statistics.http://www.businessinsider.com/c/50ad94db6bb3f7ec19000003davjamwelWed, 21 Nov 2012 21:58:35 -0500http://www.businessinsider.com/c/50ad94db6bb3f7ec19000003
Then what are season adjustments for?http://www.businessinsider.com/c/50ad90886bb3f79206000023Scott HWed, 21 Nov 2012 21:40:08 -0500http://www.businessinsider.com/c/50ad90886bb3f79206000023
So many ridiculous comments on here.
An objective look at wealth distribution deltas over the last 40 years clearly shows a trend towards oligarchy well before socialism, neither of which is an efficient engine. That is indisputable. Obama's proposed income and capital gains tax increases are well below historical precedents set under Truman, Eisenhower, Nixon and Kennedy. No one in this little talk radio cabal I've stumbled upon here is really arguing that are they? Are any of you really saying we were socialist under Ike? Under Truman? Under Nixon? Under Kennedy? Then what the hell are you talking about? Do you even know? or are you just repeating emotions some ideologue worked up in you on your drive home.
I have advised dozens of hedge funds and high net worth clients over a period of 25 years. The sad fact is, objectively, the current taxation rates for the very wealthy are beyond laughable. For all the small businesses some of you appear so worried about, the marginal increase in their taxes is going to be several thousand dollars in most cases. As for all those people who "pay nothing" you have been misinformed again. They don't pay a Federal tax, but when you add up sales tax, payroll taxes, DMV fees, utility taxes etc, many of the working poor actually pay a higher percentage of their wages in tax than Warren Buffet or most of my finance colleagues. That is simply not an efficient economic frontier regardless of what Rush keeps yelling at you.
An election campaign isn't a direct metaphor for the economy, but there is certainly overlap in the science and mathematical complexities of a close national race. With the absolute debacle of Romney's ORCA tech (in both concept and execution) and the clear victory of Obama's strategy one would think a more objective weighing of their respective complex problem competencies would be percolating. Yet that would require objectivity. There appears to be very little of that here. I campaigned for Reagan when I was 16. I have voted for Obama twice. I call em like I see em.
Extremism in the young is usually the product of ignorance. In the old, it is a product of fear - and both are the enemy of objectivity. Many of you are likely afraid of the very product of your own decisions and need a continual supply of straw men to avoid confronting that reality.
My most sincere hope is that all these panicked ideologues - some of them high profile - brandishing so much national armageddon tripe - don't convince an even bigger loser to do something exceedingly tragic. For that is probably the only scenario in which all the doom and gloom they are spouting could possibly come to fruition.http://www.businessinsider.com/c/50ad8e7eecad04552800003dDJRWed, 21 Nov 2012 21:31:26 -0500http://www.businessinsider.com/c/50ad8e7eecad04552800003d
You all need to go to REAL business blog....
<a href="http://www.zerohedge.com/news/2012-11-21/initial-claims-over-400k-second-week-row-hurricanes-fault-again" target="_blank" rel="nofollow" >http://www.zerohedge.com/news/2012-11-21/initial-claims-over-400k-second-week-row-hurricanes-fault-again</a>http://www.businessinsider.com/c/50ad8969ecad04e71f000004Francine BowmanWed, 21 Nov 2012 21:09:45 -0500http://www.businessinsider.com/c/50ad8969ecad04e71f000004
Thanks for making me laugh Sure. I needed that.http://www.businessinsider.com/c/50ad882a6bb3f72f7a000018Francine BowmanWed, 21 Nov 2012 21:04:26 -0500http://www.businessinsider.com/c/50ad882a6bb3f72f7a000018
You HOPE! Look where hope got us four years ago. The spike may have been partly due to Sandy but if you dig a little deeper, many of the job losses were directly related to Obama's re-election and the continuation of Obamacare.
Stop Hoping and start praying.http://www.businessinsider.com/c/50ad87e36bb3f71c76000016Garland FlaugherWed, 21 Nov 2012 21:03:15 -0500http://www.businessinsider.com/c/50ad87e36bb3f71c76000016
This spike is just the labor department correcting the downward spikes they reported before the election.To make it look like unemployment was actually going down.http://www.businessinsider.com/c/50ad84a0eab8ea091d000003truelitistnotWed, 21 Nov 2012 20:49:20 -0500http://www.businessinsider.com/c/50ad84a0eab8ea091d000003
This is not hurricane Sandy. Take a look at the UK data and you will see the same thing. Wait until the next round of layoffs hits the data. Hostess is just the start. The US reelected loser Obama, who is the ultimate welfare distributor. Obamacare also is going to contribute a whole new level of layoffs.. Zero net recovery.. get used to it.http://www.businessinsider.com/c/50ad82466bb3f7d07300000daallisonWed, 21 Nov 2012 20:39:18 -0500http://www.businessinsider.com/c/50ad82466bb3f7d07300000d
It appears that many of the commentators have no grasp of irony. Of course the spike has nothing to do with Sandy, but is simply a "correction" of the false numbers released before the election.http://www.businessinsider.com/c/50ad817469bedde676000010Bruce BodnerWed, 21 Nov 2012 20:35:48 -0500http://www.businessinsider.com/c/50ad817469bedde676000010
My fear is the the winter will last 70 years (as in the Russian revolution.) Freedom is fragile. We haven't thought that, growing up in America, but our founders knew that the people couldn't be casually trusted with self-government. They knew that the mob would just vote to take the property of the wealthy. They limited governments power as best they could but we have systematically taken down those constraints. I am thinking #1 Income tax, #2 Direct election of Senators (eliminates states rights) #3 the New Deal (national gov essentially responsible for prosperity and retirement support) #4 Medicare/Medicaid : "health care is a right" the gov't on the hook for limitless costs. #5 Foreign wars : WWI gave England and France victory, enabled harsh treaty on Germany, fostered Hitler and we haven't got ourselves disentangled yet!! The gov't is choking us and we do not see it !http://www.businessinsider.com/c/50ad7fcbeab8ea5413000002Daniel DinnellWed, 21 Nov 2012 20:28:43 -0500http://www.businessinsider.com/c/50ad7fcbeab8ea5413000002
Most of us Americans in the middle class believe the way the government already shows numbers of unemployment is bogus. . . it is far worse. . .http://www.businessinsider.com/c/50ad7f81ecad040608000027Bruce BodnerWed, 21 Nov 2012 20:27:29 -0500http://www.businessinsider.com/c/50ad7f81ecad040608000027
Where is it ? I want in. There has to be some place left on earth where the prime mission is NOT the enabling of theft from the productive to the non-productive.http://www.businessinsider.com/c/50ad7e9aecad04040800000eBruce BodnerWed, 21 Nov 2012 20:23:38 -0500http://www.businessinsider.com/c/50ad7e9aecad04040800000e
Riiiiight.... Hurricane Sandy is just a storm. The rise of a seemingly permanent and increasingly powerful and intrusive DemObama government is like climate change !! You are successful? Be demonized and pay more taxes !! You save and invest : support the careless and imprudent !! You are not productive? Here's some cash, borrowed from the Chinese or anyone stupid enough to lend to the US Govt. You can't find work due to the regulations, restrictions, union strangleholds imposed by the Dems? Here's some cash and free voter escort. Food stamps, welfare, those are the growth industries. Embrace impotence, Welcome dependency !!! its the new wave!!http://www.businessinsider.com/c/50ad6683ecad04aa5b000005BoboWed, 21 Nov 2012 18:40:51 -0500http://www.businessinsider.com/c/50ad6683ecad04aa5b000005
but...but...you didn't build that!!!http://www.businessinsider.com/c/50ad64026bb3f79135000023BossmanWed, 21 Nov 2012 18:30:10 -0500http://www.businessinsider.com/c/50ad64026bb3f79135000023
I just approved 50 Pre-Obamacare layoffs before leaving for thanksgiving that's 5 percent of my workforce half blue collar, half white collar.
Nice job joe! Your blue team now gets them as obama voting welfare recipients.
Keep celebrating while we wait out many years of economic winter and invest our capital far away from your third world juju concepts of community property and freedom 'from' responsibility.http://www.businessinsider.com/c/50ad5e076bb3f7f42c000008ted nugentWed, 21 Nov 2012 18:04:39 -0500http://www.businessinsider.com/c/50ad5e076bb3f7f42c000008
OBAMA CARE NO DOUBT....
NO WORRIES ALL IS GOOD WE ARE RECOVERING SO THEY SAY LOL...http://www.businessinsider.com/c/50ad5aa069bedd922400000cmdmpeWed, 21 Nov 2012 17:50:08 -0500http://www.businessinsider.com/c/50ad5aa069bedd922400000c
And recently the media have been finding talking heads that say its not really a cliff, more of a downslope so Congress will have time to act with more due consideration - in other words they'll try kicking the can a little further down the road. Rule number one if you're in a hole: Stop Digging!http://www.businessinsider.com/c/50ad4c62ecad040e2e000003Jean CampbellWed, 21 Nov 2012 16:49:22 -0500http://www.businessinsider.com/c/50ad4c62ecad040e2e000003
Total jobless claims went up from 340 thousand to 478 thousand from two weeks ago, but nearly 3/4 of that increase was in the four states most affected by Hurricane Sandy: New York, New Jersey, Pennsylvania, and Connecticut. So it would certainly be reasonable to assume that Hurricane Sandy was the main factor. Obviously there would be some effect in other states too by a storm that knocked out so many businesses.http://www.businessinsider.com/c/50ad47c0ecad048825000003JarinWed, 21 Nov 2012 16:29:36 -0500http://www.businessinsider.com/c/50ad47c0ecad048825000003
Either Sandy, or punitive dismissals that we kept hearing about from Republican business owners?http://www.businessinsider.com/c/50ad45276bb3f7b57f000012Charles KreuzerWed, 21 Nov 2012 16:18:31 -0500http://www.businessinsider.com/c/50ad45276bb3f7b57f000012
Butt hurt? The only butts that are going to be hurt are employees, but that's what people voted for. Now, they have to live with it. Too bad, so sad.http://www.businessinsider.com/c/50ad44d96bb3f7ee7f000005Charles KreuzerWed, 21 Nov 2012 16:17:13 -0500http://www.businessinsider.com/c/50ad44d96bb3f7ee7f000005
Why is this a surprise? Did Americans really think that businesses would not lay people off when those businesses realized they would not only be facing the burdensome costs of BOcare, but also higher taxes and more regulations that come with another 4 years of Obama?
This is what people voted for, except they were too economically ignorant to understand the ramifications of their actions.
Note to dems - there is no such thing as businesses or "rich" people with bottomless piles of cash. When the gov starts to take a bigger chunk of these people's money, YOU, as an employee, will be paying for it.
This is just the beginning... Obama supporters are going to get EXACTLY what they voted for.http://www.businessinsider.com/c/50ad3ef6eab8ea8009000001lapazjimWed, 21 Nov 2012 15:52:06 -0500http://www.businessinsider.com/c/50ad3ef6eab8ea8009000001
Well when that Fiscal Cliff that Obama,The Senate and Congress have been avoiding hits along with Obamacare it is going to be and unemployment joy ride.Well now we all know whats going to happen--Downhill All the Way!!!http://www.businessinsider.com/c/50ad3ed3ecad04a80d00001ebuck laneWed, 21 Nov 2012 15:51:31 -0500http://www.businessinsider.com/c/50ad3ed3ecad04a80d00001e
i would bet that it is a direct result of all the butt hurt employers firing people after obama won re-election. just a hunch.http://www.businessinsider.com/c/50ad3ed2ecad04ed13000004mskeelsWed, 21 Nov 2012 15:51:30 -0500http://www.businessinsider.com/c/50ad3ed2ecad04ed13000004
The other thing rarely considered by people is the annual fall slump from farm related jobs. Harvest is in and fewer workers are needed. This also always a corresponding jump in harvest jobs in late summer that is also never mentioned but serves to make the unemployment numbers look better prior to the elections as they did in this election. These numbers expand out into trucking and warehousing jobs too. Then the slow processing and sales of the crops throughout the year at a reduced rate makes those hauling and storage receiving jobs go away too.http://www.businessinsider.com/c/50ad3d906bb3f79070000014dougmWed, 21 Nov 2012 15:46:08 -0500http://www.businessinsider.com/c/50ad3d906bb3f79070000014
now that the election is over they can release the real numbers.http://www.businessinsider.com/c/50ad3c45eab8eaf67d000013Tre RoneyWed, 21 Nov 2012 15:40:37 -0500http://www.businessinsider.com/c/50ad3c45eab8eaf67d000013
2-3 year window, if your lucky...Prepare now!http://www.businessinsider.com/c/50ad383deab8eafd7500000cThe BernankWed, 21 Nov 2012 15:23:25 -0500http://www.businessinsider.com/c/50ad383deab8eafd7500000c
Flawless.... I have been begging BI to take this clown off of their site. His articles always lack substance as a result from lack of analysis and just general knowledge. On top of that, the topics are also meaningless and irrelevanthttp://www.businessinsider.com/c/50ad36d0eab8eaf572000008Quark HadronWed, 21 Nov 2012 15:17:20 -0500http://www.businessinsider.com/c/50ad36d0eab8eaf572000008
I'm assuming that is a sarcastic question? If not, choose the correct answer below:
a) Unemployment reports artificially held down prior to the election and not spiking up to where they really were?
b) Employers now realizing Obamacare is a sure thing? (A lot cheaper to have part-time employees. Goodbye full time employment.)
c) Politicians still posturing, even though the election is over, and no chance a compromise will happen in the few days Congress will be working before the 'fiscal cliff?'
d) All the above.......http://www.businessinsider.com/c/50ad33f5eab8ea8b68000019milton friedmanWed, 21 Nov 2012 15:05:09 -0500http://www.businessinsider.com/c/50ad33f5eab8ea8b68000019
Joe-You must be a graduate of Paul Krugman economics. Nothing has to do with the real world. Does it? Have you not seen the layoffs companies all over the USA have done since the election? Are you just another biased media talking head? Americans are going to take their pill, whether they like it or not? Unfortunately, the cure will now be far worse and far more extreme than if we would have done it slowly and methodically. Obamamcare. Enough said. Who is John Galt? I know I'm leaving for Gaults Gulley.http://www.businessinsider.com/c/50ad3287ecad040478000010MGWed, 21 Nov 2012 14:59:03 -0500http://www.businessinsider.com/c/50ad3287ecad040478000010
Down 10% yoy on headline, flat with revisions.http://www.businessinsider.com/c/50ad3148eab8ea866300000cSureWed, 21 Nov 2012 14:53:44 -0500http://www.businessinsider.com/c/50ad3148eab8ea866300000c
Really Joe, there could be another issue? Man, your observational skills are over the top dude.http://www.businessinsider.com/c/50ad2fbc6bb3f7955600001ac smithWed, 21 Nov 2012 14:47:08 -0500http://www.businessinsider.com/c/50ad2fbc6bb3f7955600001a
Let's just HOPE...
NOPE. Thousands of small businesses laying people off in anticipation of Obamacare. Why did CA (2800 miles from Brooklyn) show a big claims increase (24K)???